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Revenue Recognition

Date recorded:

An education session was held on revenue recognition in preparation for decision making sessions on Thursday. No decisions were made at this session. The topics discussed included:

  • Identifying separate performance obligations: clarifying the criteria for identifying separate performance obligations and distinct goods and services;
  • Performance obligations satisfied over time: clarifying the criteria in paragraph 35 of the revenue recognition revised exposure draft;
  • Licenses and rights to use; and
  • Identifying onerous losses arising from contracts with customers.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.